15 Sep '12, 6pm

10 Heartbreaking Foreclosure Stories

10 Heartbreaking Foreclosure Stories

This country’s foreclosure crisis may not get as much media attention as it once did, but it is far from over, with the rate of foreclosures increasing in recent months . The sad truth is that even the programs that have been created to improve the situation are not working. In the first half of 2012, 800,000 homes that should have circumvented foreclosure according to the U.S.’s foreclosure prevention program were foreclosed on anyway. Furthermore, the government allocated $46 billion to at-risk homeowners in the 2009 Troubled Asset Relief Program, and three years later 90% of that money has gone unspent , an inexplicable statistic considering that millions continue to lose their homes. But forget the statistics. What the banks tend to overlook is that each home holds a family, which in turn holds a story. And so many of these families’ foreclosure stories are absolutely ...

Full article: http://www.care2.com/causes/10-heartbreaking-foreclosure-...

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